When Ikea’s Ingvar Kamprad died Saturday at age 91, he was ranked No. 8 on the Bloomberg Billionaires Index thanks to his control of a global retail fortune valued at $58.7 billion. Ingvar... Read more

Phoebe Philo, the widely praised creative director of LVMH’s Celine label, is leaving her position in January, the company said. LVMH didn’t announce a successor in its emailed statement Fri... Read more

Ah, the holidays. It’s the perfect time to buy something significant for a special person—you know, show them you care. And it’s the perfect time to freak out about how, exactly, to do it. J... Read more

An Omega wristwatch sold for $1.4 million in Geneva, a record price for the brand, as upstart auction house Phillips challenges larger rivals Christie’s and Sotheby’s in the market for vinta... Read more

After focusing on industries like coal and weapons, Norway’s $1 trillion sovereign wealth fund is turning its attention to fashion. Together with UNICEF, the world’s biggest wealth fund is s... Read more

Gucci’s $2,600 dragon-embroidered handbags and $1,400 crystal-studded pink sunglasses are leading the luxury industry’s revival as young shoppers get a taste for the high life. Shares in Par... Read more